Vestis Reports Fourth Quarter and Fiscal 2024 Results
Vestis Corporation (VSTS)
Company Research
Source: Business Wire
Provides Fiscal 2025 GuidanceFiscal 2024 ResultsRevenue of $2.8 billionOperating Income of $158 million or 5.6% of revenueAdjusted EBITDA of $353 million or 12.6% of revenueOperating Cash Flow of $472 million, up 83.6% year-over-yearFree Cash Flow of $165 million, up 13.2% year-over-yearNet leverage was 3.62x at the end of fiscal 2024 versus 3.95x at the end of fiscal 2023Net debt was $1.3 billion at the end of fiscal 2024, a decline of $319 million versus the end of fiscal 2023 ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fourth quarter and fiscal year ended September 27, 2024. The company also provided its outlook for fiscal year 2025.Management Commentary“We ended the year with solid fourth quarter results that were in-line with our expectations for revenue and ahead of our expectations for Adjusted EBITDA,” said Kim Scott, President and CEO.“As we move into 2025, I am excite
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VSTS
News
- Vestis Co. (NYSE: VSTS) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.60 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Vestis Co. (NYSE: VSTS) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Vestis Co. (NYSE: VSTS) had its price target raised by analysts at Barclays PLC from $10.00 to $13.00. They now have an "underweight" rating on the stock.MarketBeat
- Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings ResultsBusiness Wire
- Vestis to Sell Minority Stake in Japanese Joint VentureBusiness Wire
VSTS
Earnings
- 11/21/24 - Miss
VSTS
Sec Filings
- 11/22/24 - Form 10-K
- 11/21/24 - Form 8-K
- 11/12/24 - Form SC
- VSTS's page on the SEC website